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SCOR hires Wolfgang Murmann as Head of Longevity, EMEA

Reinsurance firm SCOR has hired seasoned longevity risk transfer executive Wolfgang Murmann to be the firms new Head of Longevity for the EMEA region, picking him up from asset management giant Insight Investment where he worked on solutions for pensions and institutions.Murmann has a track record in longevity risk transfer markets, read the full article →

UK longevity swap activity driven by Solvency II: Aon Hewitt

Recent high levels of activity in the UK pension risk transfer market, featuring longevity swaps and longevity reinsurance transactions, are being driven by insurance companies drive to meet Solvency II requirements.Lately activity in the UK longevity risk transfer market has not been driven so much by corporate pension schemes or read the full article →

Pension de-risking, longevity hedging, expected to surge: Towers Watson

Activity in the pension fund de-risking and longevity hedging market, including use of instruments such as longevity swaps, longevity insurance and reinsurance, is expected to surge, according to Towers Watson.Interest in de-risking and longevity swaps, as well as the availability of reinsurance capital, reinsurer appetite to assume longevity risks and read the full article →

Towner to lead pension risk transfer & longevity origination at L&G

John Towner is joining UK insurer, pension risk transfer and longevity re/insurance specialist Legal & General to head up origination for the firm's pension risk transfer and longevity insurance or reinsurance activities.Towner joins L&G from investment consultancy Redington, where he advised pension funds and sponsors of pension funds on investment read the full article →

Punter Southall adds longevity swap exec to head pension de-risking

Punter Southall, the pension and actuarial consultancy, has hired an experienced executive with significant longevity swap and buyout expertise to head up the firm's growing pension de-risking and risk transfer efforts.Colette Christiansen, previously at Towers Watson, has been appointed  as Principal and Head of De-risking Solutions with effect from 30th read the full article →

Hannover Re reinsures longevity risk from PIC/Total pension buy-in

Hannover Re was the reinsurance firm sitting behind the £1.6 billion pension buy-in we reported yesterday, between specialist insurer of defined benefit pension funds Pension Insurance Corporation (PIC) and oil company Total’s UK pension plan.The transaction saw PIC undertake a pension insurance buy-in with the Trustee of the Total UK read the full article →

Pension Insurance Corp. insures £1.6B pensioner liabilities for Total UK

Specialist insurer of defined benefit pension funds Pension Insurance Corporation (PIC) has completed another large pension risk transfer, taking on £1.6 billion of pensioner liabilities including longevity risks, from oil company Total's UK pension plan.This transaction saw Pension Insurance Corporation undertake a pension insurance buy-in with the Trustee of the read the full article →

Rothesay Life insures £484m of Philips pension risk, including longevity

Rothesay Life, a leading UK pension risk transfer specialist life insurer and provider of bulk annuities, has completed a pension risk transfer transaction for the Philips Pension Fund, taking on a portion of its liabilities including longevity risks.Rothesay Life announced yesterday that it has entered into a bulk annuity transaction read the full article →

Rothesay Life insures £280m of pension plan risk including longevity

Rothesay Life, a leading UK pension risk transfer specialist life insurer which owner Goldman Sachs intends to sell a majority stake in, has completed another pension risk transfer transaction. The £280m bulk annuity transaction sees Rothesay Life take on more pension plan risk including covering longevity.The transaction involves the pension read the full article →

Pension Insurance Corporation in largest UK pension insurance buyout

The largest ever UK pension insurance buyout transaction has been recently completed by specialist insurer Pension Insurance Corporation (PIC). The transaction saw PIC insure the full £1.5 billion of liabilities associated with the 20,000 members of the EMI Group Pension Fund.The pension derisking market continues to grow in the UK, read the full article →